In that most confounding of years – 2020 – business was turned on its head … and then turned again. It initially painted a picture of doom as construction projects faced a complete shutdown. Builders adapted along with the nation. New needs emerged that required construction, but they were impeded by supply chain and labor […]
Reshoring News
In the wake of the COVID-19 pandemic, a significant shift is occurring in global manufacturing and supply chain operations. Reshoring, the practice of relocating production back to domestic markets, is gaining momentum as businesses and governments alike reassess the vulnerabilities exposed by recent global disruptions. Julian Harris, founder and CEO of RobobAI, a fintech company […]
Illustration: Tang Tengfei/GTWhile the US policy of reshoring manufacturing has made progress, prioritizing the promotion of the US manufacturing industry completely over economic efficiency will inevitably pose challenges and uncertainties to the sustainability of its return. A Financial Times investigation revealed on Monday that $84 billion of the US manufacturing investments announced in the first […]
China’s economic growth rate slumped to a three decade low in 2023 (5.2 percent). The International Monetary Fund expects China’s economy to slow to 4.5 percent in 2025, and decelerate further to 3.3 percent by 2029. The projections are grounded in China’s structural weaknesses, including demographics, debt, drought and decoupling. China’s real estate market plunge, […]
The combined uncertainty surrounding upcoming elections and economic prospects has investors seeking ways to generate profits regardless of outcomes. While a potential recession could impact most companies, certain trades may rely less on election results. According to analysts at Societe Generale (OTCMKTS:SCGLY), industrial stocks reshoring production from overseas markets to domestic facilities represent one such […]
The past few years have been turbulent for global merchandise trade, with multiple crises impacting its fundamental propelling mechanism — global value chains. While the global financial crisis and natural disasters in East Asia triggered the restructuring of global value chains last decade, the trend towards reshoring and near-shoring gathered momentum with the rise of […]
Global net revenue rose a fifth to £1.3bn as growth was delivered in all seven regions, with particularly strong workload increases in the Americas, Middle East and Asia. The year ending April 2024 marked the the first full year of trading since T&T merged with London-based cost management business alinea, further bolstering its client offer […]
Sussex, Wis.— At a family-owned manufacturer 30 minutes northwest of Milwaukee, robots work alongside people making medical devices, sporting goods and household products. Some of the items at Sussex IM were previously made by companies in China. Now, through a blend of factory automation, skilled labor, and other advantages, the work can be done affordably […]
Illustration: Chen Xia/GTWhile aiming to expedite the reshoring of chip manufacturing, the US subsidy policy has actually exacerbated bubbles in the chip industry, causing turmoil in global financial markets. The US Commerce Department said on Tuesday that it plans to award SK Hynix up to $450 million in grants and $500 million in loans to […]
Muffett Engineering Solutions is a family-owned UK company with a rich history that is at the cutting edge of gear pump manufacturing. SH Muffett Limited trading as Muffett Engineering Solutions was founded in 1920 as a general engineering firm and began specializing in gears around the Second World War. Today the largest part of Muffett’s […]
